Tag: BISV08
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Shares gain because bank support encourages investors
MSCI All-World index up 0.3%, dollar falls UBS rehires Ermotti as head of the merged unit Alibaba up 13%, other Chinese tech stocks up Oil rises, gold falls LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors took heart from greater levels of stability in the banking sector, but the sense of […]
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The US FDIC is telling Signature Bank’s crypto customers to close accounts before April 5
March 28 (Reuters) – The US Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s (SBNY.O) crypto clients that they have until April 5 to close their accounts and move their funds. The deposits in question were not part of a rescue deal entered into earlier this month with Flagstar Bank, a unit […]
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JPMorgan’s Jamie Dimon to be impeached in Epstein case, prosecutors’ attorney says
March 28 (Reuters) – JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will be interviewed under oath in connection with the bank’s relationship with Jeffrey Epstein, the late sex offender and a former client, said a lawyer who involved in the trial on Tuesday. The statement is expected to come out in early May, according […]
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Nestle to investigate banking relationships after Credit Suisse collapse
ZURICH, March 28 (Reuters) – Nestle (NESN.S) will examine its banking relationships following the planned acquisition of Credit Suisse (CSGN.S) by UBS (UBSG.S), the food group’s CEO Mark Schneider said on Tuesday. The world’s largest food group was a customer of Credit Suisse, Schneider told broadcaster TeleZueri in an interview to be shown Tuesday evening, […]
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Research shows that China has spent $240 billion on bailing out Belt & Road countries
JOHANNESBURG, March 28 (Reuters) – China has spent $240 billion between 2008 and 2021 to bail out 22 developing countries, with the amount soaring in recent years as more people have struggled to repay loans spent on building of “Belt & Road” infrastructure, according to a study published Tuesday. Nearly 80% of bailout loans were […]
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Alibaba founder Jack Ma returns to China, ending a year abroad -SCMP
BEIJING, March 27 (Reuters) – The founder of Alibaba (9988.HK), Jack Ma, has returned to China, the South China Morning Post (SCMP) reported Monday. the sober mood of China’s private companies. Ma, one of China’s best-known entrepreneurs, left mainland China in late 2021 and has been seen in photos in Japan, Australia and Thailand in […]
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Saudi Aramco inks $12.2 billion Chinese oil refinery, petchem complex deal
SINGAPORE, March 27 (Reuters) – Saudi Aramco (2222.SE) on Sunday signed an agreement with Chinese partners for an oil refining and petrochemical project in northeastern China expected to open in 2026 to meet growing demand from the land to fuel and chemicals. The project in the city of Panjin in Liaoning Province will be Aramco’s […]
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Australia’s Latitude Group says 7.9 million driver’s license numbers have been stolen in data theft
Data theft far greater than declared on March 16 Driver’s license, passport numbers, customer data stolen Shares fall 2.5% March 27 (Reuters) – Australian consumer finance firm Latitude Group Holdings Ltd (LFS.AX) said hackers stole nearly 8 million Australian and New Zealand driver’s license numbers in one of the country’s largest confirmed data breaches, sending […]
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As confidence in the banking sector faltered, central banks called for more
NEW YORK, March 26 (Reuters) – Some investors and analysts are calling for more coordinated interventions by central banks to restore financial stability as they fear the turmoil in the global banking sector will continue amid rising interest rates. After the collapse of two US lenders this month and the Swiss government-orchestrated takeover of troubled […]